Taiwan

Nestle Taiwan agrees to refund consumers over tainted milk powder

Nestle Milk PowderTaipei- Nestle Taiwan agreed on Thursday to refund consumers after 10 more brands of its China-made milk powder were found to contain small traces of the toxic chemical melamine.

"Beginning today, consumers can ask for refund at the sales outlets where they bought the products before November 30, regardless of whether the containers are already opened and whether they still have the payment receipts or not," the company said in a statement.

It also said consumers can choose to replace the old products with new ones supplied from countries outside China by the beginning of November.

Ex-Major League player Bailey suspended in match-fixing scandal

Cory-BaileyTaipei - Former US Major League baseball player Cory Bailey and two Taiwan players were suspended from games Thursday due to their alleged involvement in match fixing, Taiwan baseball authorities said Thursday.

"If players are involved in match fixing, we will terminate contracts with them and seek damage," Lee Wen-pin, secretary-general of the Chinese Professional Baseball League (PBL), told reporters.

Bailey, 37, has played in US Major and Minor leagues since 2001 and played for Japan's Yomiuri Giants in 2003.

He played for Taiwan's La New team 2004-2005 before returning to play for Chicago Cubs.

Taiwan cuts interest rates to stabilize stock market

Taiwan Stock MarketTaipei - Taiwan's centr

Bayer AG to launch two research and development centres in Taiwan

Bayer AG to launch two research and development centres in TaiwanTaipei - German chemical giant Bayer AG plans to open two research and developments centres in Taiwan, with starting investment totaling about 6 million US dollars, a Bayer official said Wednesday.

Steffan Huber, president of Bayer Taiwan Co, made the announcement at a news conference in Taipei. It comes as more companies are expressing an interest in investing in Taiwan.

Taiwan's former president admits wife wired millions abroad

taiwanTaipei - Taiwan's former president Chen Shui-bian Wednesday admitted that his wife had wired abroad 2 million US dollars, in the latest twist in a snowballing money laundering scandal implicating Chen and his family.

"My wife told me (in January) she still had close to 2 million US dollars in ABN Amro Bank in Singapore that had not been frozen," Chen said after he a court hearing about his alleged role in the scandal.

Taiwan, Guatemala vow to strengthen ties by trade expansion

Taiwan parliament restores budget for cruise missile productionTaipei- Guatemala and Taiwan on Wednesday agreed to strengthen bilateral ties by expanding trade and increasing exchange visits.

President Alvaro Colom of Guatemala on his four-day visit to Taiwan was expected to discuss bilateral relations with President Ma Ying-jeou and attend Taiwan's National Day celebrations.

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